McDonald's shares are up 2.08% to $165.75 Thursday morning on word the fast-food chain plans to slim down its corporate headcount.

McDonald's is planning a round of layoffs in order to shrink its corporate structure, as it attempts to revamp its US business, the Wall Street Journal has reported.

The layoffs are part of a restructuring of its corporate offices around the country, McDonald's USA President Chris Kempczinski wrote in an email to employees, seen be the Journal. "I recognize that change is difficult, and that eliminating layers within our organization means some employees will ultimately exit our system," Kempczinski wrote in the email.